MGL 2024 full-year result annual report

between the Board Committee and management, the operation of The Board undertakes a formal annual performance evaluation the Board Committee, including the conduct of Board Committee to review its performance and the performance of each Director meetings, Board Committee culture and Chair leadership, and with emphasis on those individual Directors who are required to Board Committee composition. [...] There is a consistent and comprehensive process for the Board and the BRC to assess the performance of the MGL CEO and each Executive KMP during the year to enable them to determine remuneration outcomes at the end of the year. [...] The Chairs of the Board and each Board Committee meet to broadly consider the work plan, responsibilities and the performance of each Committee and to focus on any areas of overlap or gaps in Committee reporting and responsibilities, including coordination of non-financial risk reporting between Committees and the coverage of risk reporting across Committees. [...] The BAC at least annually, reviews and assesses, and reports to the Board on the quality, effectiveness, objectivity and independence of the external auditor, and other matters relating to the prior year’s audit and reports to the Board on the annual performance review of the external auditor. [...] The BAC also monitors and reviews the performance objectives and rating, remuneration and the degree of independence of the Head of Internal Audit and the effectiveness of the Internal Audit function.